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A recent report said that the overall mean price µ for a gallon of gas is $3.14. Assume that overall std dev. Of price is $0.21/gallon. Suppose a poll of 36 random gas stations is taken, and the sample mean price is computed from the prices at these gas stations. What is the probability that the sample mean price falls within a nickel of the State's overall mean price? i.e between 3.09 and 3.19.
Given this information, what would sampling error be if sample including seven values in top row were used to calculate sample mean?
When such digits are randomly generated, what is the distribution of those digits? Given such randomly generated digits, what is a test for "goodness-of-fit"?
If you have multiple regression output with 2 independent variables and R-Square is .9682, what does R-Square indicate?
What happens to the confidence interval when we go from a 95% confidence level to a 99% confidence level? Is this desirable? When would we want to use a 99% confidence interval?
Here is my data: these are the wages for women with a 2 yr degree, $11,702, $24,509, $34,746, $35,185 (median of $29,627) These are the wages for women with a 4 yr.
Utilizing jacobian method finding the probability density function. Utilizing either the CDF method or Jacobian method illustrate the probability density function of Y is given.
Conduct an analysis of four management journal articles, at least two of which must be peer reviewed. The following must be included in my analysis:
A railway company operates a number of different services. One of these connects two cities and the journey time is assumed to be normally distributed with a mean of 125 minutes and a standard deviation of 5 minutes.
An airline has surveyed a simple random sample of air travelers to find out whether they would be interested in paying a higher fare in order to have access to e-mail during their flight.
If the contents in the population of all cans follow a normal distribution, what is the probability that the mean contents of a six-pack are less than 12 oz?
A computer is used and it is found that the P-value = 0.0016. What can you state about the sample (independent or dependent) and what can you conclude about the evidence?
Do 1-sample t-test to see if people in Chicago have travelled to fewer states than people nationwide. Utilize the 10% (.10) level of significance.
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